Even With $500 Billion Warchest, RBI Won’t Let Rupee Climb
A customer withdraws a stack of Indian twenty rupee banknotes at a branch of the HDFC Bank Ltd. in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Even With $500 Billion Warchest, RBI Won’t Let Rupee Climb

(Bloomberg) -- India’s foreign-exchange reserves are at a record and approaching the $500 billion mark, and yet, the rupee is Asia’s worst performer over the past three months.
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